Chow Tai Fook Creation: Still negotiating with the seller to increase holdings in USmart

NightAirdropper · 2026-02-28T16:34:45+00:00

Chow Tai Fook announced that the agreement to acquire the parent company of Yingli Securities, uSmart, has become invalid, and the increase in shareholding was not achieved. Nevertheless, Chow Tai Fook still intends to increase its holdings in the future, and is already a shareholder of uSmart with certain influence. The company's mid-2022 profit increased by 15%, with steady development in financial services and logistics sectors.

NightAirdropper

2026-02-28 16:34:45

Abstract generation in progress

Opinion Web Hong Kong Report: On February 26, Chow Tai Fook Creations announced that the second phase of the buy-sell agreement for the acquisition of uSmart Inlet Group, the parent company of Yingli Securities, has expired, and they were unable to further increase their stake in uSmart. Zheng Zhiming, Executive Director and Co-CEO of Chow Tai Fook Creations, stated that although the transaction has now expired, the group remains open to negotiations as a seller and does not rule out further increasing their shareholding in uSmart in the future. He also mentioned that as a shareholder of uSmart, they already have a certain say in the company.

As of the end of last year, Chow Tai Fook Creations reported a mid-term profit of HKD 1.33 billion, a 15% increase year-on-year. Zheng Zhiming said that the group is steadily developing its two main business segments: financial services and logistics. The recent acquisitions not only support strategic expansion but also further strengthen the group’s market position, marking an important milestone in its development process.

Disclaimer: The content and data of this article are compiled by Opinion based on publicly available information and do not constitute investment advice. Please verify before use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes